Submitted by sony on Thu, 02/02/2012 - 04:07
Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Kazuo Hirai, who vowed to move quickly to turn things around.
Sony posted a disappointing $1.2 billion operating loss for October-December, normally a lucrative quarter with the Christmas and year-end sales, as it battled a strong yen and flooding in Thailand that ruptured supplies and a weak economy.
Submitted by facebook on Thu, 02/02/2012 - 03:44
At long last, the Holy Grail of Internet IPOs is here. Facebook filed Wednesday to raise $5 billion in an initial public offering.
In 2011, Facebook earned $1 billion on sales of $3.7 billion. As of December 31, Facebook had 845 million monthly active users.
Print CommentThe company crossed the line into profitability in 2009, five years after it launched in founder Mark Zuckerberg's Harvard dorm room. Facebook earned $229 million that year on sales of $777 million, and has remained profitable ever since.
Submitted by facebook on Thu, 02/02/2012 - 03:35
With Facebook's announcement Wednesday that it will become a publicly traded company, lots of folks were talking about it.
On Facebook.
The company filed Wednesday to raise $5 billion in an initial public offering. Most analysts predict that Facebook's valuation will ultimately fall somewhere between $85 billion and $100 billion.
Those staggering numbers had Facebook users -- those whose privacy settings defaulted to public -- largely pondering one major school of thought: "Wow, that's a lot of money."
